US August Jobs Beat; Fed Rate Hike Odds Jump

The stronger-than-expected jobs report is shifting the market's near-term focus back to Fed tightening, with rate-hike odds now a coin flip. This matters because it directly pressures rate-sensitive equities and could stall the recent rally in risk assets, even as sectors like semiconductors and commodities show resilience. The key tension to watch is whether this labor strength proves durable enough to justify a hike, or if inflation data and global growth concerns undermine that case before the September meeting.